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and does the money come out ur bank account or when u make money on the sqaure?
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1 REPLY 1
the Square Capital repayment process is to take whatever percentage you agreed to when you took the loan out of every transaction until the loan is paid off.
so if you agreed to a loan and the repayment percentage was 8% of your transactions that would mean 8¢ on the dollar goes back to repaying your loan. If in the period of 60 days and haven't paid back 1/18th of your loan you will have to pay the difference of what you paid and your required 1/18th loan.
https://squareup.com/help/us/en/article/6119-square-capital-fees-and-repayment-options
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